Description of Services and Fees
Whitney & Company is a registered investment adviser based in Rochester, NY. We are organized as a
corporation under the laws of the State of New York. We have been providing investment advisory
services since 1975. William G. Shaheen is our principal owner. Currently, we offer the following
investment advisory services, which are personalized to each individual client:
• Portfolio Management Services
The following paragraphs describe our services and fees. Please refer to the description of each
investment advisory service listed below for information on how we tailor our advisory services to your
individual needs. As used in this brochure, the words "we", "our" and "us" refer to Whitney & Company
and the words "you", "your" and "client" refer to you as either a client or prospective client of our firm.
Portfolio Management Services
We offer discretionary portfolio management services. In limited circumstances, we offer non-
discretionary portfolio management services. Our investment advice is tailored to meet our clients'
needs and investment objectives. If you retain our firm for portfolio management services, we will meet
with you to determine your investment objectives, risk tolerance, and other relevant information at the
beginning of our advisory relationship. We will use the information we gather to develop a strategy that
enables our firm to give you continuous and focused investment advice and/or to make investments on
your behalf. As part of our portfolio management services, we may customize an investment portfolio
for you according to your risk tolerance and investing objectives. We may also invest your assets using
a predefined strategy, or we may invest your assets according to one or more model portfolios
developed by our firm. Once we construct an investment portfolio for you, or select a model portfolio,
we will monitor your portfolio's performance on an ongoing basis, and will rebalance the portfolio as
required by changes in market conditions and in your financial circumstances.
If you participate in our discretionary portfolio management services,
we require you to grant our firm
discretionary authority to manage your account. Discretionary authorization will allow us to determine
the specific securities, and the amount of securities, to be purchased or sold for your account without
your approval prior to each transaction. Discretionary authority is typically granted by signing a limited
power of attorney or trading authorization form. You may limit our discretionary authority (for example,
limiting the types of securities that can be purchased for your account) by providing our firm with your
restrictions and guidelines in writing. If you enter into non-discretionary arrangements with our firm, we
must obtain your approval prior to executing any transactions on behalf of your account.
When Adviser provides investment advice to you regarding your retirement plan account or individual
retirement account, Adviser is a fiduciary within the meaning of Title I of the Employee Retirement
Income Security Act and/or the Internal Revenue Code, as applicable, which are laws governing
retirement accounts. The way Adviser makes money creates some conflicts with your interests, so
Adviser operates under a special rule that requires Adviser to act in your best interest and not put our
interest ahead of yours.
Types of Investments
We primarily offer advice on equity securities, exchanged traded funds ('ETFs"), mutual funds,
corporate debt securities, municipal and US Government securities, and money market instruments.
Additionally, we may advise you on any type of investment that we deem appropriate based on your
stated goals and objectives. We may also provide advice on any type of investment held in your
portfolio at the inception of our advisory relationship.
You may request that we refrain from investing in particular securities or certain types of securities. You
must provide these restrictions to our firm in writing.
Assets Under Management
As of March 18, 2024, we provide continuous management services for $1,017,218,031 in client
assets, of which $970,366,664 on a discretionary basis, and $46,851,367 on a non-discretionary basis.